GST: Life insurers want exemption; general differential rates
As the GST rollout plans gathers momentum, life insurers sought exemption from the new taxation regime on premium income, while general insurers have demanded differential rates for their products.
Sep 25, 2016, 14:45 PM IST
Life insurers total assets up 17% in FY15, new premium down
The life insurance sector, consisting of 24 companies led by state-owned LIC, had seen its total new premium fall by 6 per cent to Rs 1,13,140 crore in 2014-15 from Rs 1,20,162 crore in 2013-14.
Jul 15, 2015, 20:46 PM IST
Life insurers seek separate tax deduction limit of Rs 1.5 lakh
It would encourage long-term savings and help incremental flows come into life insurance sector, LIC said in a pre-budget memorandum submitted to Finance Ministry last week.
Dec 19, 2014, 20:37 PM IST
Growth eludes life insurers except some bank-promoted players
Those having seen growth in individual premiums in first half included ICICI Pru, HDFC Life, Max Life and Kotak Life.
Oct 26, 2014, 14:51 PM IST
New disclosure norms expose insurers' policy-retention claims
Barring a few, such as ICICI Prudential, Reliance Life and Kotak Life, most of the life insurance companies have disclosed lower 'persistency ratios' for the first quarter of the current fiscal ended June 30, as also for the full financial year ended March 31, 2015.
Sep 07, 2014, 15:40 PM IST
